Salcedo Auctions is the only legitimate auction house in the country. As the pioneer in a young art industry, this claim to legitimacy is not without its controversies - but I'm not here to talk about that. I'm here to attest to their expertise, their professionalism, their vision.
I've seen the collections of at least two Important Philippine Art auctions. This is the main bi-annual sale of Salcedo Auctions. The art specialist Richie Lerma goes through a painstakingly tedious process of research and study to make sure of the historic pieces' authenticity, or of scrutiny and critique in order to assure the investment value of modern or up-and-coming local artists. Salcedo Auctions is famed to have "found" and sold a long lost Juan Luna masterpiece in 2014.
I personally fell in love with Alfonso Ossorio's works with my exposure to Salcedo Auctions' collections. His piece, "We Are Many," a post-war (read: 1901, I think!) multimedia work spoke layers and layers of meaning for me. And it sold for 11 million pesos at the last auction to an undisclosed buyer. I dreamed to buy that piece in my lifetime, but it may never happen haha! But just the fact that I could feel that way about an artwork, of a local artist at that, from the trenches of our history, just goes to show what important work Salcedo Auctions is doing for our art industry. If I had 12 million pesos to spend on a piece of art, I would have bought that. There's no corresponding value too high for how strongly I felt about "We Are Many." I hope one day I'm given the opportunity to see and buy that again.
Aside from Important Philippine Art, Salcedo Auctions has ventured into the luxe lifestyles of some Filipinos and our Asian art-loving neighbors. Look out for their auction weekends for historic books and maps (an 1800 first edition of Noli Me Tangere was discovered, authenticated, and sold two years ago), limited edition watches, even rare automobiles and jewelry.
Last piece of kwento - I was once tempted to bid seeing that some stuff actually had starting prices at 8,000 pesos. Buti nalang I didn't! I found out that piece sold for 120,000 pesos in the end. Ha ha let's build up our investment and disposable funds first! read more